Residential Mortgage Survey Results for March 2012

Press Releases

27 Apr 2012

Residential Mortgage Survey Results for March 2012


The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for March 2012.

Mortgage loans drawn down during March increased by 46.8% compared with February to HK$11.2 billion. 

Mortgage loans approved in March rose by 95.5% compared with February to HK$28.1 billion.  Among these, mortgage loans financing primary market transactions increased by 25.4% to HK$4.1 billion and those financing secondary market transactions increased by 127.1% to HK$21.8 billion.  Mortgage loans for refinancing also rose by 45.5% to HK$2.1 billion.  The number of applications in March rose month-on-month by 66.1% to 17,419. The figures reflect an increase in residential property transaction volume.    

New mortgage loans priced with reference to best lending rates increased slightly from 91.3% in February to 91.9% in March, with majority priced within the range of 2% and 2.25%.  New mortgage loans priced with reference to HIBOR increased from 3.4% in February to 5.5% in March.

The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$803.3 billion at end-March. 

In March, the mortgage delinquency ratio remained unchanged at 0.01% and the rescheduled loan ratio remained unchanged at 0.02%.  

Annex

 

Hong Kong Monetary Authority
27 April 2012

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Last revision date : 27 April 2012